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767 E Kesler Lane Chandler, AZ 85225

3 Beds 3 Baths 2,167 sqft Built 1996

INVESTimate

$360,000

List Price

$1,760

$1,584 - $1,936

Rent Est.

$384,552  ( +6.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $166.13
  • 6 Days on Market
  • MLS # : 6120463
  • Updated Date : 08/25/2020 at 14:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,167 sqft
  • Baths : 2 full , 1 half
Listing Agent

On Q Property Management

Listing Agent's Description

Location...Location....Location!!! CHECK OUT THE 3D VIRTUAL TOUR! Beautiful freshly painted two-story, 3 bedroom + 2.5 bath home in great neighborhood of Monterey Vista. This home features a beautiful kitchen with island, and eat-in dining room. The kitchen over looks the beautiful pool with a water feature. Enjoy the covered patio, & plenty of room to enjoy the low maintenance yard. Large open family room. Huge loft space- great for entertaining! Den downstairs, perfect for spare room or office space!! Master bathroom features double sinks, separate tub & shower, and walk-in closet. 2 car garage. This beautiful community is close to fine dining, shopping and great Chandler schools. Easy access to the multiple freeways as well!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monterey Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $108k320k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Monterey Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8851780

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Frye Elementary School Primary Regular 633 39 3
Willis Junior High School Middle Regular 947 51 6
Hamilton High School High Regular 3,740 190 8

Frye Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 39
3
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,328
Property Tax -$210
Property Insurance -$69
HOA -$44
Property Management Fees -$99
CASH FLOW
$10

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$360,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.82%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$27,373

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,760

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,7604$1,8005$1,945
$1,945
RENT COMPS ANALYSIS
  • 767 E Kesler Lane Chandler, 3
    • 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.81
    •  
  • 1151 S Bogle Court Chandler, 1
    • 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2004
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 1101 S Bogle Court Chandler, 2
    • 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 1460 S Velero Place Chandler, 4
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2001
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 848 E Morelos Street Chandler, 5
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.90
    •  
PROPERTY LISTING DETAILS
Ryon P Genet
On Q Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120463
Last Updated: 08/25/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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